From Tata Technologies, IndiaMART to MRF — These stocks are now at a 52-week low

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Earnings season for the third quarter has gotten off to another disappointing start. Shares are seeing extreme reactions to even modest earnings misses. This has resulted in multiple stocks declining to their respective 52-week low. However, the names in this list also includes names that have not reported results yet.

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IndiaMART | The stock is down over 35% from its recent peak. For the December quarter, the number of paying subscribers fell sequentially for the first time since Q1 FY22. Nomura has also downgraded the stock and given its lowest target on the street.

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Tanla Platforms | Revenue growth for the stock has remained flat on a sequential basis for five quarters in a row. The stock has nearly halved from its peak of ₹1,193, enroute to its 52-week low.

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Sterling & Wilson Renewables | Another stock that is bearing the brunt post its quarterly results. However, the stock has been in a downtrend well before the results announcement. The stock is down 55% from its peak of ₹828.

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Delhivery | One among the new-age companies that listed between July 2021 and May 2022, Delhivery is the only one that has not managed to trade above its IPO price since its stock market debut. The stock is down 35% from its IPO price of ₹487, which also happens to be its post-listing peak.

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Tata Technologies | The first Tata Group IPO in two decades, the company made its stock market debut in 2023 amidst much fanfare. However, after doubling from its IPO price of ₹500 post listing, the stock has been in a downward spiral. Shares are also reacting to their quarterly results today. The stock is down 33% from its post-listing peak of ₹1,179.

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Cello World | The stock has corrected 36% from its post-listing peak of ₹1,025 and is now in danger of slipping below its IPO price of ₹648. It made an intraday low of ₹654 so far on Wednesday.